Aye Finance IPO, a leading NBFC targeting micro and small enterprises, opens for subscription on February 9, 2026, and closes on February 11, 2026, with a total issue size of ₹1,010 crore comprising ₹710 crore fresh issue and ₹300 crore offer for sale. Headquartered in Gurugram, Aye Finance specializes in secured and unsecured business loans for manufacturing, trading, and services sectors, boasting geographic diversification, low 0.9% NPAs, and 72% PCR as per CRISIL ratings. The Aye Finance IPO proceeds will strengthen capital base for lending expansion amid India’s underserved MSME credit gap.
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₹129
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Expert Opinions
Market sentiment surrounding Aye Finance IPO appears constructive amid NBFC sector revival and US-India trade optimism boosting primary markets. Company strengths encompass proprietary cluster underwriting yielding 1.40% net NPAs, 42.60% AUM CAGR to ₹6,028 crore, pan-India presence serving 5 lakh MSMEs, and marquee backers like Alphabet driving tech-led collections. Risks include 2.73x debt/equity leverage amplifying interest rate sensitivity, regulatory shifts on unsecured lending, MSME cyclical defaults, and competitive fintech pressures eroding yields.
Valuation analysis for Aye Finance IPO and year 2025 shows Return on Equity (ROE) of 12.12% alongside Net Asset Value (NAV) of ₹90.00, positioning reasonably against peers like SBFC at 1.0-1.5x book. Long-term investment perspective favors sustained 25%+ ROA trajectory as MSME formalization accelerates formal credit penetration to 15% from sub-10%.
Investor Considerations
Aye Finance IPO exhibits solid company performance and fundamentals, with FY 2025 revenue climbing 41% to ₹1,500 crore alongside PAT of ₹171 crore, underpinned by AUM expansion to ₹5,525 crore and controlled credit costs. NBFC sector outlook thrives on MSME credit penetration rising to 15% amid digital lending tailwinds and RBI’s supportive framework.
IPO Valuation of Financial Year 2025 for Aye Finance IPO and year reflects Price to Book Value of 1.71, RONW of 12.12%, and Debt/Equity of 2.73, offering attractive entry versus sector multiples. Growth prospects hinge on 40% AUM acceleration through branch network scaling and tech underwriting enhancements targeting underserved borrowers. Risk factors include rising NPAs to 4.21%, high 64.56% employee attrition, negative operating cash flows of ₹811.78 crore, and unsecured loan regulatory scrutiny. Short-term investment goals encounter listing volatility from market rotations, whereas long-term horizons reward 25% ROA compounding in formalization-driven demand.
| Date | GMP | Trend |
|---|---|---|
| 06 Feb 2026 19.45 | ₹00 | Down |
| 05 Feb 2026 23.23 | ₹2 | --- |
FAQs
Aye Finance IPO Current GMP is ₹00.
Aye Finance IPO Expected Returns is 0.00%.
Aye Finance IPO estimated listing price is ₹129.